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Monroe Capital Announces Share Purchases by Officers, Directors and Senior Management

March 19, 2020, 09:00 AM
Filed Under: Industry News

Monroe Capital Corporation reported the purchase of more than 237,500 shares of MRCC common stock by officers and directors of the Company and senior management of Monroe Capital Management Advisors, LLC (“MCMA”), an affiliate of the Company’s investment advisor, in open market transactions recently.

Theodore L. Koenig, Chief Executive Officer of the Company increased his shareholdings in MRCC by 60,760 shares at a cost of approximately $470,000 as disclosed in recent Form 4 filings with the Securities and Exchange Commission (the “SEC”).  In addition, Thomas J. Allison, Jorde M. Nathan, Robert S. Rubin, and Jeffrey D. Steele, independent directors of the Company, collectively increased their shareholdings in MRCC by 35,835 shares as disclosed, or to be disclosed, in Form 4 filings with the SEC.  Senior management of MCMA collectively increased their shareholdings by over 200,000 shares. This included purchases by Thomas Aronson, Managing Director and Head of Originations, Kyle Asher, Managing Director and Co-Head of Opportunistic Private Credit, James Cassady, Managing Director of Operations and Compliance, Carey Davidson, Managing Director and Head of Capital Markets, R. Sean Duff, Managing Director and Head of Investor Relations and Marketing, Michael Egan, Executive Vice President and Chief Credit Officer, Alex Franky, Managing Director and Head of Direct Underwriting, Peter Gruszka, Managing Director and General Counsel, Aaron Peck, Chief Financial Officer of Monroe Capital Corporation, Karina Stahl, Managing Director of Finance and Operations, Zia Uddin, Managing Director and Portfolio Manager – Private Credit, and Jeremy VanDerMeid, Managing Director and Portfolio Manager – CLO and Loan Trading.

Chief Executive Officer Theodore L. Koenig commented, “Given all the volatility in the capital markets recently, in my opinion, the share price of MRCC does not properly reflect the value of the Company and presents a very attractive investment option.  These recent purchases of company stock in the open market demonstrate management’s confidence in the Company’s long-term stability and growth potential.”

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